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90 unit SFR PUD subdivision

90 unit SFR PUD subdivision
It is a 90 unit SFR PUD subdivision with a Final Map just off I-15 in Lake Elsinore.
Owner said He would only consider a JV with a national builder.
The owners set up is from before he had the final map recorded.
The owner is a Attorney who does not want to build himself. The projection on costs was done in July for an investor.
More Details below.
  • Centrally located in the exploding Inland Empire, the fastest growing area of California
  • Lake Elsinore is midway between the Los Angeles, Orange County, and San Diego job centers
  • Property is only 1/4 mile from Interstate I-15 Freeway
  • Approved for construction of 90 detached houses by the City of Lake Elsinore. $650,000 in building permit fees already paid by current owner.
  • $5.295 million for land only, plus $250,000 for engineering ( grading, streets, sewer, water) plans and architectural plans.
  • This property was on the market one year ago for $7 million.
  • Buyer may retain the developer to manage the property post-aquisition.
  • If freeway on/off-ramp added near property, could rezone project to retail use and increase value!

90 unit SFR PUD subdivision

Filet Mignon 8oz.

bordelaise / chive / butter  18

T Bone 18oz.

fresh herb sherry butter / chives  60

Rib Eye 20oz.

argentinian raised prime black angus / salt / pepper / garlic / butter  65

Prime Rib 15oz. or 20 oz.

slow roasted / au jus / horseradish  55

Hokkaido A5 Wagyu

Chateau Uenae / farmed in below freezing temperatures  125
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  • Home
  • About Us
    • Viking International Team
    • Professional References
  • Properties
    • Multi-Family Apartment Properties
    • NNN / Retail Commercial Properties
    • Office & Industrial
    • Development & Land Properties
    • Assisted Living
    • Hospitality / Hotel / Motel
    • Joint Venture Properties / Passive Investment Property Opportunities
    • Non-Performing Note Pools/Tapes & Alternative Investments
  • About NNN
  • About 1031
  • Financial Services
  • Transaction History
  • Contact
  • Featured Properties